Help me please

#1
I am done intraday trading most of times .My sucess rate is 90%,but in single trade i lost all profits or go to big losses.I lost around 30000 rs in last one month trading .Now i have 15000 rs remaining.How i play safe bet?My pblm are if price is go down or in wrong trade i till wait price to come up,therfore come big loss
2.I square off positon if get 1 rs profit for share worth 150 and no wait moreand switch some other trade or not square off that even if in big profit,therfore price come down and get less profit.I palyed Fuutres in Miniftyalso.my favourtetrading stocks are Indiabulls real estage,EduComp.help me please
 
#2
Dude your first job as a trader is to protect your capital and not to think of profits. As per wat you have written it seems you do not keep stop loss and bask in the thought that the prices may come back again. Believe me trading is no gambling (as many people put it) it is a very serious matter and one must have a trading plan with only one goal in mind "protecting investor capital". If you follow that the profits will automatically follow.

I can't say what s/l is good for you to keep but as an eg: Stocks under rs 100.00 s/l 1.5 points...midcaps 7-10 points...nifty 50 points...that is what i follow and have found it to be very succesfull. One can easily generate 60%-70% per month.

One last thing, people say that you learn from your mistakes in a trade, i say there is no mistake untill the time you dont put a s/l. With a s/l in place even if it gets triggred, i wud say "that you did the right thing"....

Let me know if i can be of any other assistace....

Happy trading
 
#3
NITINPAL,thanks for advice.But i could not found ideal stoploss.?Some times stoploss cleared someshares again rebound right?
 
Last edited:

rkkarnani

Well-Known Member
#4
I am done intraday trading most of times .My sucess rate is 90%,but in single trade i lost all profits or go to big losses.I lost around 30000 rs in last one month trading .Now i have 15000 rs remaining.How i play safe bet?My pblm are if price is go down or in wrong trade i till wait price to come up,therfore come big loss
2.I square off positon if get 1 rs profit for share worth 150 and no wait moreand switch some other trade or not square off that even if in big profit,therfore price come down and get less profit.I palyed Fuutres in Miniftyalso.my favourtetrading stocks are Indiabulls real estage,EduComp.help me please
Visit this thread :
http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow.html
 

rkkarnani

Well-Known Member
#5
Dude your first job as a trader is to protect your capital and not to think of profits. As per wat you have written it seems you do not keep stop loss and bask in the thought that the prices may come back again. Believe me trading is no gambling (as many people put it) it is a very serious matter and one must have a trading plan with only one goal in mind "protecting investor capital". If you follow that the profits will automatically follow.

I can't say what s/l is good for you to keep but as an eg: Stocks under rs 100.00 s/l 1.5 points...midcaps 7-10 points...nifty 50 points...that is what i follow and have found it to be very succesfull. One can easily generate 60%-70% per month.

One last thing, people say that you learn from your mistakes in a trade, i say there is no mistake untill the time you dont put a s/l. With a s/l in place even if it gets triggred, i wud say "that you did the right thing"....

Let me know if i can be of any other assistace....

Happy trading
Welcome to the Forum Nitin!!! Good input about Stop Loss but its not always prudent to specify SL as per the price range of a Stock, there are many other things to be considered!!!
Its too tempting to read 60 to 70% returns per month....Nitin it is more of a wishful thinking!!! What had been your trading result for last 1 year?
Do shares with us your strategies for such returns!!!
Thanks and all the best.
 

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